The Opportunity

Highlands Corporate Center is a five building, Class “A” office project totaling 205,852 square feet. Located in the prestigious San Diego Corporate Center at the southeast corner of Interstate 5 and Del Mar Heights Road, the property is situated in the best location within Del Mar Heights. Despite the property’s outstanding location, the asset’s dated brick façade was leaking issues and occupancy was low with significant competition in the immediate area.

Solution

In 2009, the team undertook a $10+MM renovation that included replacing the façade, water-proofing the building. The team created a marketing center for tenants to have access to immediatre updates. Construction was completed with a well-staged plan that enabled tenants to remain in the project, while sealing the building off one-side at a time.

Result

The result included almost 100% retention of existing tenants and an occupancy increase from ~55% in 2010 to 91% today.